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Taxicab operators, drivers learn about Richmond region's assets
The Richmond region's first-line ambassadors to the visiting public are getting some first-class attention from the area's travel officials. The Richmond Metropolitan Convention & Visitors Bureau held what it calls an appreciation and education program for more than a dozen taxicab drivers and operators at the Virginia War Memorial on Thursday. The event included dinner and a tour of the memorial. "They are the first point of contact with most of our visitors," explained Tamera Wilkins with the convention and visitors bureau. The more than 6 million visitors annually make for big business in the metro region, spending about $1.8 billion, supporting nearly 20,000 jobs and generating $52 million in taxes. Richmond Times-Dispatch
Submitted 2 years 65 days ago

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GOP, Salazar spar over fracking rules for public lands
According to a leaked draft of the rules, the Bureau of Land Management would require companies operating on federal lands to disclose chemicals in their fracturing fluids, impose standards meant to ensure wells can withstand fracturing, and require companies to explain how they plan to dispose of flowback water. Trade secrets would be exempt from the fracturing fluids disclosure. Puneet Kollipara, FuelFix.com
Submitted 2 years 65 days ago

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Next Five Years Crucial to Energy Storage
Energy storage is getting a bump in the president’s proposed 2013 budget. It’s an extra boost that the industry says that it needs to get out of the lab and into market. Just how far off is the concept whereby such stored power is released when the wind dies down or the sun doesn’t shine? It’s here now.
Submitted 2 years 65 days ago

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The states with the largest unionized work forces
In many cases, states that had been losing union workers in the past decade faster than the rest of the country began to see a recovery last year. Between 2001 and 2011, the state of Michigan lost more than 600,000 union jobs, the equivalent of roughly 20 percent of its total union workforce. Between 2010 and 2011, the state gained back 43,663 union jobs. Charles B. Stockdale, Michael B. Sauter, msnbc.com
Submitted 2 years 65 days ago

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House OKs directing most BP spill fines to Gulf restoration
The House of Representatives on Thursday amended an energy-transportation bill to include language setting aside 80 percent of Clean Water Act fines from the 2010 Gulf of Mexico oil spill for restoration efforts. Puneet Kollipara, Fuelfix.com
Submitted 2 years 65 days ago

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UT study finds no direct link between fracking and groundwater contamination
Hydraulic fracturing of shale formations to extract natural gas has no direct connection to groundwater contamination, according to a study by the Energy Institute of the University of Texas at Austin. JACK Z. SMITH, Star-Telegram.com
Submitted 2 years 65 days ago

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BP won’t face questions about post-spill probe
Lawyers suing BP (BP/) Plc over the 2010 Gulf of Mexico oil spill won’t be able to cross-examine witnesses at this month’s trial about a post-incident investigation, a judge said. The so-called Baxter investigation, directed by BP’s outside counsel, is protected from disclosure by attorney-client privilege, U.S. Magistrate Judge Sally Shushan said today, repeating a ruling from May. Shushan also barred plaintiffs’ lawyers from asking questions about the investigation during the trial. Bloomberg/fuelfix.com
Submitted 2 years 65 days ago

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Clean Tech is growing in an automotive industry-like way in the South and North Carolina is joining in the fray
There is one industry that stands out among them all in job generation in the rural South. That industry is the automotive sector. Thousands of parts suppliers and several OEMs are located in the rural regions of the Southern U.S. employing about 300,000 manufacturing workers. There is no industry like automotive when it comes to investment and job generation in Small Town South. Automotive is, in a word, the big kahuna in the small counties and towns located throughout the region. Southern Business & Development
Submitted 2 years 65 days ago

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Arlington "drone" consortium to launch Feb. 27
The Unmanned Aerial Surveillance Consortium, an effort spearheaded by 15 corporate and government partners including the city of Arlington and University of Texas at Arlington, will be formally launched Feb. 27. Jim Fuquay, Star-Telegram.com
Submitted 2 years 65 days ago

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American Airlines' top executives lose $17.5 million in awards
For years, union leaders have criticized top executives at American Airlines for how much they make. But the airline's bankruptcy filing cost those executives millions of dollars. In its annual report filed Wednesday, American's parent, AMR Corp., said it does not plan to distribute stock from incentive plans awarded to executives over the past three years because of the company's Chapter 11 filing. For the top four executives, including new CEO Tom Horton, that means $17.5 million in stock awards and stock options are now essentially worthless. ANDREA AHLES, Star-Telegram.com
Submitted 2 years 65 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
By Mike Randle
There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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